The Panamaxes’ BPI ended at 662 (28 points plus), not bad given the circumstances…

Plus points for both the Supras and Handies; the BSI now stands at 619 (plus 13) and the BHSI with plus four points at 342!

Tha’t a bit of improvement, but still far apart the magic and healthy levels, meaning that we must see at lest the BDI reading 2, 000 (twothousand) points to make sense; end of the story. I dead well know that Rome wasn’t built in a day, but… (but goes to the analysts that two to three years ago they have been “promoting” a different market landscape…)

The Wets with mixed feelings; the last published BDTI and BCTI ended at 694 (minus one) and 464 (no change) respectively. The Oil saga is still on and will be on until the foreseeable future, as many issues have to be shorted out.

The price of WTI remains just below the US$ 50…

On the geopolitical front, the Migrants continue to be the number one issue, and until we see the appropriate handling of this matter, it will go on and on and on..

Having graduate from one of the world’s best public schools – The Anargyrios and Corgialenios College of Spetsae (AKSS), where two bodies governed the College – the Students Governing Body and the Teachers/Tutors Advisory Board, what happens with the race for the Conservative Party in the UK following the BREXIT result doesn’t surprise me at all. Myself and most of the graduates (particularly those of us who where there for six years), are very familiar with all these happenings; what happens actually, is plain sailing…. Even yesterday, in the respective daily report, have hinted of the “surprises” yet to come. BoJo was already out from the race, long before the final result. If you analyse his attitude, you will understand what I mean. It remains to be seen, when and if, another iron lady may appears and save the day! BREXIT will be an interesting film but you need an A class director to understand the plot. There is a more to come. The world is on fire, including Europe in particular. We are living in interesting times.

Elsewhere the Istanbul massacre leads the news; we don’t have to repeat what entails for proper security not just in airports, ports, terminals, bus terminals, underground (metro) but everywhere!!!

In neighbouring Greece, it looks that the COSCO affair with the PPA (OLP) deal goes ahead and Greece PM visit will might bring more Chinese investments; we shall see. Having said that, GREXIT is still on the cards and strange things might happen!

Tomorrow Friday, in the weekly recap and geopolitical report, will have more to say and advise.

Lastly, we had the rare chance to attend earlier on, one of the best ever debates of its kind organised by AFRIMARI at AET’s premises in South Quay. The OPEC debate was great. An excellent slides presentation by Eklavya Gupta, the senior editor for Europe and Africa Oil News at S&P Global Platts. The title of his presentation was more than interesting: “OPEC, is it still relevant today?”

Three excellent hours of presentation, on the spot questions AND debate which continued during the dips and drinks reception. Excellent!